India FinTech Awards 2018: Top 20 Startups

The India FinTech Awards (IFTA) is a unique initiative by the India FinTech Forum (IFF) to recognize the best emerging FinTech innovations in the thriving Indian ecosystem. The award, in its third edition, provides a prestigious platform for FinTech firms to showcase their disruptive products, combine it with a sales pitch, and engage a curated audience of investors, bankers, entrepreneurs, media, and corporate leaders.\
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After diligent and careful evaluation, Strategic Partner MEDICI has narrowed down the top 20 FinTech startups that will be pitching on November 30, 2018, at the BSE International Convention Hall in Mumbai.

IFTA & IFF

The India FinTech Awards (IFTA) is a platform to celebrate and recognize the best innovations from FinTech companies. The India FinTech Forum aims to position the FinTech community in India as a global leader in innovation and entrepreneurship through the India FinTech Awards (IFTA).

After 20 product demos by leading FinTech firms from all across the globe, one startup will be selected as the FinTech startup of the Year at the India FinTech Awards 2018.

The winning startup will get an opportunity to demo at LendIt FinTech 2019 in San Francisco, USA.

Here are the top 20 startups selected to demo at IFTA 2018

Hydrogen is a decentralized ecosystem for financial services that combines artificial intelligence, record keeping, authentication, payments, and identity services. Hydrogen has built a modular financial API platform that allows developers from across the world to build their own FinTech applications. The company offers APIs for Core Digital Infrastructures like authentication, client onboarding, data & document storage, client support, marketing, etc.

Streak provides a platform for algo-traders to create, backtest, and deploy algos. The solution works as an extension to Kite’s trading platform and allows users to use technical indicators or price-based signals to create algos. It helps stockbrokers to create algorithms for trading, without having to know how to code.

FlexiLoans is an online platform that provides unsecured loans to small and medium-scale firms in India. The company aims to solve the problem that SMEs face in accessing quick, flexible, and adequate funds for growing their businesses.

Ezetap is a SaaS-based platform that provides seamless payment facility and integration services for businesses. It helps enterprises to grow sales by streamlining the payment process and helps to increase efficiency. The company offers Ezetap device, a lightweight card reader that can be plugged into any smart device or feature phone used by a retailer.

The company provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. It uses bitcoin blockchain technology to store information like item authenticity, existence, and ownership details. It also offers protection from hackers that tamper information and create counterfeit diamonds.

CASHe is a mobile-based lending platform that provides short-term personal loans for salaried professionals by using a social behavior-based alternative credit rating system. It uses a proprietary algorithm and offers loans ranging from Rs. 5,000 to 1,00,000, payable over 15/30/90 days for young professionals based on their social profile, merit, and earning potential.

CreditVidya has developed a mobile application called TrustScore, which determines a person’s creditworthiness based on social media presence. The company uses non-traditional data sources such as the mobile phone recharge pattern of an individual, utility bill payments, e-commerce purchase behavior, etc., to provide a credit score for individuals that do not have a traditional credit score.

HelloTax is an online/mobile-based platform that allows individuals to file tax returns in a quick, simple, and easy manner. By using the app, users can update the data and can see other details like quick income tax refund status, income tax transaction history, tax calculator, PAN card details, Form 16 Storage, etc. The company helps to reduce the time taken to file returns, increase efficiency & effectiveness of the filing process, and facilitate the same at a minimum price.

I Know First is an algorithm-based stock information platform for large financial institutions, banks, hedge funds, and private investors. I Know First provides daily securities, commodities, and currencies forecasts based on an advanced self-learning algorithm.

Smallcase is building products and tools for smarter and efficient investing in the Indian equity markets. Smallcase is an online platform which provides users a professionally built basket of stocks called “smallcases” based on a theme. Themes are market trends, announcements, events or market models.

Ariadne develops financial simulation software engine for banks, insurances, and large non-financial enterprises. The analysis covers the entire range from basic analysis to the most advanced risk analysis.

Avail Finance is an online/mobile app-based platform for personal loans to the blue-collar workforce in India. Applicants need to fill out an online application form and upload a few documents. The loan amount is directly deposited to the bank account if the loan is approved. The company offers loans from a range of Rs. 5,000 to 60,000 for an average tenure of eight months.

The IFTA is the premium FinTech event in India bringing numerous prestigious partners like EY, RBS, BSE, etc., to support it. The Government of Maharashtra is the strategic partner to the latest edition of IFTA. Visit the IFTA website for more details.

Mohit is a FinTech aficionado and is constantly scouting for the latest innovations disrupting the financial services industry. He has been actively working with prominent banks and other FIs on their innovation programs.

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